Codes of con­duct

Points to pon­der while al­lo­cat­ing nat­u­ral re­serves

Down to Earth - - COVER STORY -

De­velop clear guide­lines for al­lo­cat­ing nat­u­ral re­sources; syn­er­gise laws to avoid am­bi­gu­i­ties

Al­lo­ca­tion process should com­mence after proper ex­plo­ration

De­velop rel­e­vant rules un­der leg­is­la­tion, rather than in­tro­duc­ing pol­icy state­ments

All in­for­ma­tion re­lated to nat­u­ral re­source al­lo­ca­tion should be in pub­lic do­main to in­crease ac­count­abil­ity

Spec­ify so­cial safe­guards in bid­ding pro­posal that will form a ba­sis for eval­u­a­tion

Tech­ni­cal eval­u­a­tion should be done sep­a­rately from fi­nan­cial eval­u­a­tion to en­sure vi­a­bil­ity of the project

De­velop state ca­pac­ity for bet­ter man­age­ment of re­sources al­lo­cated; im­ple­ment ro­bust mech­a­nism for post-al­lo­ca­tion mon­i­tor­ing for ef­fi­cient re­source util­i­sa­tion

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.